Neuberger Berman Collects $280m for Debut Impact Fund

Asset manager Neuberger Berman Group LLC has wrapped up its debut impact fund with nearly $280m in commitments.

With its NB Private Equity Impact Fund LP, the firm takes minority stakes in opportunities that focus on quantifiable outcomes in several areas, according to Managing Director Jennifer Signori. These include improving health, addressing climate change and energy needs, as well as advancing sustainable growth and employment, she said, describing all as “essential goods and services.”

Neuberger Berman Group LLC is a private, independent, employee-owned investment management firm. The firm manages equities, fixed income, private equity and hedge fund portfolios for global institutional investors, advisors and high-net-worth individuals.

Source: Wall Street Journal